Stage three of XERO’s STP Phase 2

Stage three of XERO’s STP Phase 2

We’re now arriving at the final stage of Xero’s transition to STP Phase 2. Rolling out from late October, stage three introduces a new set of ATO reporting categories for use in your practice’s leave pay items. You will be notified within...
2022-23 Budget 2.0: Shuffling the decks

2022-23 Budget 2.0: Shuffling the decks

There is nothing in the 2022-23 Budget that would create a UK style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are not mentioned, and most funding initiatives appear to be a reallocation of previous Government initiatives. And, the commodity...
Electric vehicle FBT exemption

Electric vehicle FBT exemption

New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT exempt Electric vehicles (EV) represent just under 2% of the new car market in Australia, but it is a rapidly growing sector with a 62.3% jump in new EV registrations between...
Xero makes accounting simple

Xero makes accounting simple

What exactly is Xero you may ask? Xero is a fast, simple and powerful online accounting software for small businesses. It carries out bookkeeping functions like invoicing and payroll. Using a software such as Xero can incredibly speed up the accounting process, it...
Federal Budget 2022-23

Federal Budget 2022-23

FOR YOU & YOUR FAMILY Temporary reduction in fuel excise From12.01am 30 March 2022 There are a few jokes going around social media about the price of fuel. As widely predicted, the Government will temporarily reduce the excise and excise-equivalent customs duty...
Getting comfortable with debt

Getting comfortable with debt

Traditionally, small business owners have been conditioned to be quite sceptical of debt. At best, they see it as a necessary evil and a means to an end when additional capital is urgently required. At worst, they believe it’s a sign of failure and something that...
Preparing your business for the Holidays

Preparing your business for the Holidays

For many small businesses, the holiday season is one of their busiest times. As the year winds down, customers become more active, spending big on gifts and end of year celebrations. This provides a lot of businesses with a much-needed injection of cash, and helps...
Federal budget – 2021-22

Federal budget – 2021-22

The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn), an impending election, and the need to invest in the long term. It is also a human budget (cynics would say voter focussed), with $17.7 billion dedicated to aged care,...